The Median personal income in Australia during 2017-18 was $49,805 per year.
In 2017-18 the Australian Capital Territory had the highest median income at $64,332 per year.
Tasmania had the lowest median income at $45,546 per year.
(This covers employees … Read the rest
The Australian ‘minimum’ wage is currently $19.84 an hour or $753.80 per week.
That figure is also stated to be about 52.7 per cent of the national median wage.
Using those two figures, the Australian Median Wage is $1,430 per week, or … Read the rest
This petition includes the following wordings:
The Fair Work Ombudsman specifies that as of 1 July 2020 the National Minimum Wage is $19.84 per hour.
We are petitioning for it to be raised to $20 per hour. This would be … Read the rest
News in the 2020/21 Budget says that the Low Income Tax Offset (LITO) will increase from $455 to $700, and will provide up to $255 extra in tax relief.
The Government will provide low- and middle-income earners with a one-off additional benefit from the low … Read the rest
The JobMaker Hiring Credit will be available to employers for each new job they create over the next 12 months from 7 October 2020 for which they hire an eligible young job seeker aged 16 to 35 years old.
For … Read the rest
The ATO shows there were 11,231,834 salary and wage earners in the 2017-18 tax year.
Their total salaries and wages came to an average of $61,451, with 50% earning over $51,126 in the year.
The Median income was 83.20% of the average income … Read the rest
The Australian Backpacker Tax has been clarified as valid.
In October 2019 the Federal Court ruled that a tax on working holiday visa holders was invalid, and an estimated 75,000 backpackers were told they might receive refunds from the Australian tax office (AT) for overpaid tax.
However, the ATO appealed … Read the rest
Australia has had a national Minimum wage since 1906.
The Australian government has announced a 1.7% increase in the minimum wage from July 2020.
The Australian minimum hourly rate will increase to $19.84 per hour, to begin between July 2020 and February 2021.
This works out at a new minimum wage of $753.80 for a standard week, or $39,197 … Read the rest
The median income is the amount where half the people earn more than that figure, and half earn less.
The ABS has released its figures for the Median Earnings in August 2019, and these show that Males in Full Time employment now have a median … Read the rest
